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Money Box

Updated 4 days ago

Business
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The latest news from the world of personal finance plus advice for those trying to make the most of their money.

Read more

The latest news from the world of personal finance plus advice for those trying to make the most of their money.

iTunes Ratings

16 Ratings
Average Ratings
8
4
1
1
2

Great advice

By Newsjunkie84 - Nov 12 2012
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Always full of great advice and useful information.

Avid Listener

By Toni Wall - Oct 11 2012
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Great show. I always look forward to listening.

iTunes Ratings

16 Ratings
Average Ratings
8
4
1
1
2

Great advice

By Newsjunkie84 - Nov 12 2012
Read more
Always full of great advice and useful information.

Avid Listener

By Toni Wall - Oct 11 2012
Read more
Great show. I always look forward to listening.

Listen to:

Cover image of Money Box

Money Box

Updated 4 days ago

Read more

The latest news from the world of personal finance plus advice for those trying to make the most of their money.

How do you ask for a pay rise?

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Whether you are a freelancer or working for a big company, talking about how much you're worth can be hard. Have you been too scared to ask for a pay rise? Have you asked but been rejected? Have you dodged negotiating your pay when offered a new position?

We take your calls and offer advice on how to have those tricky conversations.

Contact the Money Box team - email moneybox@bbc.co.uk or tweet @moneybox.
Or call us from 1pm on Wednesday: 03 700 100 444 - geographic charges apply.

Join Louise Cooper and her expert panel:
Catherine Davies from Pay Rise Accelerator
Andrew Chamberlain, Deputy Director of Policy at IPSE
Natalie Reynolds author of "We have a Deal" and founder of negotiation consultancy Advantage spring

Producer: Phoebe Keane
Editor: Emma Rippon

Sep 11 2019

34mins

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Inheritance Planning Goes Wrong

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We speak to people who are worried that they've lost control of their life savings having handed it to a company they can no longer contact. Their situation highlights the huge concerns about the unregulated industry of inheritance planning, even though some businesses handle huge amounts of cash. Anyone can set themselves up as an estate planner or will writer but that lack of regulation can have alarming consequences when things don't go as planned.

Also, Adam Shaw speaks to Richard Lloyd, the man appointed to lead an independent investigation into the running of the Financial Ombudsman Service. It follows a TV documentary that revealed a litany of problems facing the ombudsman, including severely under-trained staff, unachievable targets, and thousands of incorrect decisions. .

And, what should banks be doing to stop the persistence of transfer fraud? With more than £200 million worth of people's money was lost last year after criminals impersonating their bank persuaded them to transfer money to the criminal's account. The victim's own banks won't be held accountable, but what about the bank where the stolen money is moved to? Natasha Vernier, Monzo Bank's Head of Financial Crime gives us one bank's view, and fraud consultant Richard Emery of 4 Keys International explains how banks should be forced to accept responsibility.

Presenter: Adam Shaw
Producer: Marie Keyworth
Editor: Jim Frank.

May 05 2018

24mins

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Credit scores

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Do you know what your credit score says about you? If you’ve had a breakup, make up, break down, spending spree or life shock in the last six years, your credit rating will have it recorded.

The majority of us don’t know what our credit score is and how these numbers are created. A good credit rating helps us access loans, mortgages or credit cards.

But could there be a better way of helping people access credit and see what they can really afford to borrow?

Our panel of experts will help you find out what your score says about you, how to get a better one and why workouts are required before you hit the bank not just the beach.

Contact the Money Box team to tell your stories and ask questions.
The number to call is 03 700 100 444, geographic charges apply. The lines open at 1pm on Wednesday (9/10/19).
Email moneybox@bbc.co.uk or tweet @moneybox

Oct 16 2019

38mins

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Electric Cars

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Adam Shaw and guests discuss the costs and considerations of driving an electric car. To join the conversation call 03700 100 444 from 1pm – 3.30pm on Wednesday 10 July, email moneybox@bbc.co.uk or tweet @moneybox. We’d love to hear your views, questions and experiences.

On the panel:

Melanie Shufflebotham, Co-founder of Zap-Map and Next Green Car
Claire Evans Consumer editor, Autocar and What Car?
Anders Nilsson, GoCompare

Presenter: Adam Shaw
Producer: Diane Richardson
Editor: Emma Rippon

Jul 10 2019

32mins

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Money Box Live: How To Retire Young

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Could you save enough of your income and budget so tightly that you can afford to retire in your thirties or forties? A US movement called FIRE – Financial Independence Retire Early – encourages millennials to stash enough cash to quit their job early and still live well. But how does it work? And do you have to be on a massive salary to make it a reality? With interest rates at historic lows, where can you invest for a decent return? What happens if you're a low-income earner? And what sacrifices must you make to achieve retirement before you reach fifty?

Louise Cooper will be joined by Barney Whiter, one of the UK's biggest ‘FIRE’ bloggers and Claer Barrett, Editor of FT Money

Contact the Money Box team to tell your stories and ask questions.
The number to call is 03 700 100 444, geographic charges apply. The lines open at 1pm on Wednesday 6 November 2019.
Email moneybox@bbc.co.uk or tweet @moneybox

Nov 06 2019

39mins

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Financial Resolutions

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A New Year, a new you!

Many of us have committed to eat better and get fitter. But just as popular is to save more.

We want to know how you have resolved to improve YOUR personal finances. Email us: moneybox@bbc.co.uk or call us from 1300 on 16th January on 03 700 100 444, geographic charges from landlines and mobiles apply. Let us know how you're doing.

Presenter: Louise Cooper
Producer: Alex Lewis
Editor: John Murphy

Jan 16 2019

34mins

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Returning to work

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Looking for and finding a job following a long career break can be difficult and demoralising. There are various reasons for extended career breaks including redundancy, divorce or family commitments. What help is available for returners and how can employers do more to recruit them?

Adam Shaw and a panel of guests are ready to hear your questions and experiences and provide practical help. Email moneybox@bbc.co.uk or call 03700 100 444 after 1pm on Wednesday 15th May. Standard geographic charges from landlines and mobiles will apply.

Guests: Emily Andrews, Senior Evidence Manager at the Centre for Ageing Better, Stephanie Dillon, Founder of Inclusivity Partners and Sarah Chilton, Partner with specialist employment lawyers CM Murray.

Presenter: Adam Shaw
Producer: Charmaine Cozier
Editor: Andrew Smith

May 15 2019

30mins

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Rare victory for bank fraud victim

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Two banks have taken the unusual step of refunding a fraud victim all her money. With new rules for banks on this issue coming into force soon, is this a sign of things to come and are more victims likely to benefit? We hear from bank fraud consultant, Richard Emery, of 4 Keys international.

Economy Energy has become the ninth energy supply company to go bust in the last year. 235,000 customers are now being told to sit tight while Ofgem appoints a new supplier, but has the regulator opened up the market too much? We speak to one of its executive directors, Mary Starks.

And with Universal Credit complicating who does and doesn’t get free prescriptions in England, hundreds of thousands of people are being wrongly fined for not paying the £8.80 fee. We find out what it means for claimants and pharmacists and speak to Sandra Gidley, from the Royal Pharmaceutical Society.

Presenter: Paul Lewis
Producer: Sally Abrahams
Editor: Richard Vadon

Jan 12 2019

24mins

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The East-West Energy Divide

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Why does a family in Wrexham pay more for their energy than a family in Nottinghamshire? It's not because they use more gas and electricity. It's because people in more rural areas, further away from the energy source, are charged more. The cost of sending energy down the lines and pipes is greater for more remote areas, pushing up household prices. But is that fair and why is there not a universal charge? Kevin Peachey reports.

Cash or pension? An NHS Trust is offering new recruits enhanced pay if they opt out of the NHS pension. Former pensions minister Steve Webb, who introduced auto-enrolment, tells Lesley Curwen why he thinks this is a worrying precedent.

Could property crowdfunding schemes help young people get on the housing ladder? The Social Market Foundation says they provide people with an opportunity to keep up with property market inflation while they save for a deposit. But MoneyWeek editor Merryn Somerset Webb tells Lesley Curwen people need to be aware of the risks.

Presenter: Lesley Curwen
Producer: Ruth Alexander.

Feb 20 2016

24mins

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London Capital & Finance plc updates

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Money Box reporter Dan Whitworth investigates the companies which marketed London Capital & Finance plc ('LCF') mini-bonds to investors, including on comparison websites. LCF entered administration in January, by then 11,000 bondholders had invested £236m of savings. The joint administrator to LCF, Finbarr O'Connell, also provides an update on efforts to determine how the investments of those 11,000 bondholders unravelled and whether they have any hope of getting any of their money back.

The cost of obtaining a death certificate in England and Wales recently increased from £4 to £11. People usually find, to their surprise, that they need to purchase multiple copies of certificates when alerting financial institutions or utility companies to a bereavement. Guest: Ian Bond Director and Head of Trusts and Estates at Talbots Law and chair of the Law Society's wills and equity committee.

Financial Independence, Retire Early or FIRE is a movement driven by the idea of extreme saving in order to fund an early retirement. How realistic is it? Guests: Kristian Danielson who is 27 and planning to retire before he's 40 and Nick Earl, Financial Planner at London Money where he specialises in investments and retirement planning.

Reporter: Dan Whitworth
Presenter: Paul Lewis
Producer: Charmaine Cozier
Editor: Richard Vadon

Mar 09 2019

24mins

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British Steel pension member - the worst decision of my life?

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There's concern that thousands of steelworkers and former steelworkers at Port Talbot may have been badly advised to withdraw funds and put them into unsuitable investments. Money Box has learned that six firms have now voluntarily stopped signing up new clients. Money Box's Tony Bonsignore reports from Port Talbot. The programme hears from steelworker Paul who fears he's made the worst financial decision in his life. Megan Butler, director of supervision at the FCA and Michelle Cracknell, from the Pensions Advisory Service, explain the latest details of this complex situation.

The Scottish Government is flexing its muscles over tax. As Money Box previewed last week, its draft Budget this week set out plans for increasing the present three income tax bands to five. Those earning up to £33,000 - will pay less income tax than they do this year. But some on higher incomes will pay considerably more.
Stephen Hay, head of tax at accountants RSM joins the programme.

Presenter; Paul Lewis
Producer: Lesley McAlpine
Editor: Andrew Smith.

Dec 16 2017

24mins

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Saving for the under 35s

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The latest news from the world of personal finance plus advice for those trying to make the most of their money.

May 08 2019

28mins

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Money Box Live: Mental Health & Money

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Our expert panel take a look at the problems around mental health and money. From how to make your benefits work better for you, talking with banks and how to avoid the complications that can come from periods of poor mental health.

You can call Money Box Live 03 700 100 444. Or email us moneybox@bbc.co.uk or tweet @moneybox.

Panel-
Anne Riddle from the Bridge Money Advisory Service in Stoke-on-Trent
Helen Undy from the Money and Mental Health Policy Institute
Ayaz Manji from Mind

Oct 30 2019

32mins

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Perfect Pensions Storm

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More than 2000 steel workers - many of them in the Welsh steel town of Port Talbot - were persuaded to transfer out of their final salary pension scheme. Many now deeply regret their decision, and believe they were mis-advised by"sharks" who descended on the town to take advantage of a period of confusion. Tony Bonsignore hears how the men's lives have been affected, what lessons have been learnt, and whether enough has been done to stop something similar happening again.

Presenter: Tony Bonsignore
Producer: Alex Lewis
Editor: Richard Vadon

Dec 29 2018

25mins

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Investing while Brexiting

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This week the government's publication of its draft Brexit Withdrawal Agreement was followed by the cabinet resignations of Dominic Raab and Esther McVey. The financial markets responded with a sharp drop in the pound before it stabilised and a fall in the share price of UK focused companies. Guest: Tom Stevenson Investment Director at Fidelity Worldwide Investments.

Some of the biggest clothing retailers are being warned they could be encouraging young shoppers to get into problem debt. Major sports and fashion names are using a new type of “try before you buy” service from the Swedish bank Klarna for online orders. Guest Moira O'Neill, head of personal finance at Interactive Investor.

A childminder reveals how problems with the government's tax-free childcare system are impacting on her business. Earlier this month around 22,000 standing order payments from parents to childcare providers were delayed. HMRC have apologised and say it was an isolated issue which has been fixed. Guest: Aoife Hamilton, Policy and Information Manager at Employers for Childcare.

Until now Starling Bank services could only be accessed via a smartphone app. That changed this week after it joined a partnership which allows its customers to deposit and withdraw cash at Post Office branches. Is this a step backwards for digital banking? Guest: Anne Boden CEO and founder, Starling Bank.

Presenter: Paul Lewis
Reporter: Dan Whitworth
Producer: Charmaine Cozier
Editor: Richard Vadon

Nov 17 2018

24mins

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High-risk trading fraud warning

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The FCA is warning about a form of online high-risk trading which some firms are illegally offering in the UK. Binary options trading involves betting on whether anything that can be measured in financial terms, like a currency or share index, will rise or fall below a specified price at a certain time. The FCA began regulating last month which means it's now illegal to sell those trades in the UK without its authorisation. Money Box listener Penny lost nearly £17,000 with an unauthorised firm but what can the FCA do in future to protect people like Penny? Christopher Woolard FCA Director of Strategy and Competition explains.

The Department of Work and Pensions has confirmed that all Personal Independence Payment (PIP) claims will be reviewed. It follows a Government decision not to challenge a court ruling that said changes to PIP were unfair to people with mental health conditions. Guest Paul Farmer, Chief Executive of the mental health charity Mind.

Interest-only mortgage holders are being urged to contact their lenders after a financial regulator review found too many people avoid planning how they intend to clear the underlying debt when the mortgage ends. It comes as Bank of England figures show December mortgage approvals reached a three year low. Why? Guests: Jane King, Independent Financial Adviser with Ash-Ridge Private Finance and Samuel Tombs, Chief UK Economist at Pantheon Macroeconomics.
Presenter: Paul Lewis
Producer: Charmaine Cozier
Editor: Jim Frank.

Feb 03 2018

26mins

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After the bankruptcy

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In August, Jessica Hurst wrote to the media asking them to investigate how her dad’s debts of just under £12,000 became a bill of just under £73,000. Nigel Hurst killed himself eighteen months ago after learning that bailiffs were to repossess his family home. It was the bailiff who found him. Student, Jessica, was left with a pile of debt recovery letters and bank statements which she hoped would hold the clue to his financial troubles.

After an old school friend offered legal advice, Jessica has persuaded the creditors to reduce their demands back to a manageable level. How did they do that? And what did they learn in going through the process? Helen Grady - who reported on the case for File on 4 - asks Jessica about the response to the programme.

If you've been affected by the issues raised in this programme and would like details of organisations which offer advice and support, you can visit BBC Action Line or you can call for free, at any time, to hear recorded information 0800 066 066

You can also get help from …

https://www.samaritans.org/ https://www.nhs.uk/conditions/suicide/

Presenter: Helen Grady
Producer: David Lewis
Editor: Andrew Smith

Jan 02 2019

28mins

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Tree investments felled, Selling your pension annuity - will it be a good deal?

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A so-called 'ethical' investment into sustainable forests in Costa Rica is in trouble. The firm promoting it is in liquidation after paying the directors millions of pounds. The trees are harder to liquidate and may still be there. But the promised returns of up to 18% a year have vanished in the forest mist. What now for the 3000 very green investors who put up to £18,000 each into it?

Brexit and your personal finances. As part of a regular series, Money Box jumps into the muddy waters of the EU Referendum. First up: we examine the Chancellor's claim that leaving the EU would cause interest rates to rise. Former Bank of England economist, David Tinsley, joins the programme.

This week HM Treasury launched further details for those who want to cash in their pension annuity from next Easter for a lump sum. Paul Lewis asks the Pensions Minister Baroness Altmann how it will work. It's estimated that The Chancellor will be the big winner taking an estimated £1.25 billion over 4 years from tax on the payments. But will the 300,000 people expected to cash in their income for life and spend it on a cruise get good value for their guaranteed money?

A not for profit scheme to lend money to low income people is about to close down. Sponsored by 19 social housing associations Myhomefinance.co.uk charged 98%APR but still could not make enough money to keep going. A meeting is imminent to wind it up and transfer its business to another social lender. National Housing Federation chief executive David Orr explains what's likely to happen.

Apr 23 2016

24mins

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Investment ISAs

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In his first budget speech for the new Labour government chancellor Gordon Brown announced the 1999 introduction of individual savings accounts. The idea was to encourage the habit of putting money away, especially those who had never saved before. Twenty years later, there are more types available. We look at non-cash ISAs with Mark Polson, Founder of The Lang Cat financial services consultancy.

Money Box reporter Dan Whitworth looks into warnings sent to the Financial Conduct Authority years before it took action against London Capital & Finance plc. LCF entered administration in January. By that time over 11,000 people had put £236m into high risk mini-bonds. At best they might only get around 20% of their original investment back.

Laura received a letter from the Department of Work and Pensions asking for £625 of benefits it had placed into the bank account of her deceased grandmother. Laura's only involvement was to register the death. There was no will and no executor. The few assets her grandmother had went towards meeting funeral costs. The DWP confirmed to Money Box that there's no legal obligation to return a benefit direct payment of this type and if the recovery letter it sends is ignored, it will not pursue the amount. It also confirmed there are no plans to reimburse Laura the £625 she struggled to raise to pay it. Guest: Adam Sym, Probate Executive, Stephensons Solicitors.

The exit fees charged by investors who want to move from their current online platform, and the difficulty many face in doing so, is the subject of the latest market study from the FCA. What might change for investors and do the proposals go far enough?

Presenter: Paul Lewis
Reporter: Dan Whitworth
Producer: Charmaine Cozier
Editor: Richard Vadon

Mar 16 2019

25mins

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The cost of car insurance

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According to the Association of British Insurers, average motor insurance premiums dropped by 1% last year. But the experiences of many Money Box listeners tell a different story.

Louise Cooper and panel discuss why the cost of car insurance is so high.

How do insurers work your premium out? Is it ever a good idea to stick with your existing provider? And how common is it for young people to pay more for their insurance than the cost of their vehicle?

From 1pm Wednesday 30th January you can call us on 03 700 100 444 or email us at any time: moneybbc@bbc.co.uk.

Joining Louise on the panel:
David Williams - Technical Director at AXA Insurance
Amanda Stretton - Motoring Editor, Confused.com
Neil Hart - Client Services Director at Consumer Intelligence

Producer: Alex Lewis + Linda Walker
Editor: John Murphy

Jan 30 2019

32mins

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Money Box Live: Fostering

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How much financial support is available for foster carers looking after children in need?

Around 65,000 children live with foster families across the UK. Foster carers provide a safe and stable place for them to live when they can't live with their families. It may be for a few days or even for their entire childhood. But as a foster carer, what help is there if your finances don’t cover the bills and the extras needed?

Paul Lewis and a panel of experts will be taking your calls and hearing your experiences of fostering.

Guests: Jackie Sanders, Fostering Network
Harvey Gallagher, Nationwide Association of Fostering Providers
Paul Kind, Professor of Health Outcome Measurement, Leeds University

If you'd like to share your stories, contact the Money Box team. The number to call is 03 700 100 444, geographic charges apply. The lines open at 1pm on Wednesday 4 December. Or email moneybox@bbc.co.uk or tweet @moneybox

Dec 04 2019

35mins

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Money Box election 2019 special

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With fewer than two weeks to go until the 2019 General Election, Money Box takes a personal finance look at the manifesto pledges of the four main parties. Among the subjects covered are issues like workers’ rights, benefits and taxes. Hear the Chancellor, the shadow Chancellor, as well as Liberal Democrat and SNP spokesmen on finance, talk through their promises and how they’d bring about the changes they want to see.

Presenter: Paul Lewis
Producers: Eleanor Briggs, Dan Whitworth and Alex Lewis
Editor: Emma Rippon

Nov 30 2019

42mins

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Money Box Live: Bailiffs

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What can and can't bailiffs do when they knock on your door to collect a debt? What happens if it's not your debt, or you've paid it off already? And can you refuse them entry?

Louise Cooper is joined by Matt Hartley from Money Advice Trust, the charity that runs National Debtline and Business Debtline; by Russell Hamblin-Boone, CEO, Civil Enforcement Association, the trade association representing civil enforcement agencies (bailiffs) and by Mike Holmyard from Citizens Advice Scotland.

If you'd like to share your stories, contact the Money Box team. The number to call is 03 700 100 444, geographic charges apply. The lines open at 1pm on Wednesday. Or email moneybox@bbc.co.uk or tweet @moneybox

Nov 27 2019

30mins

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The best way to tip

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Money Box has learned that an increasing number of families who bought new build freehold homes are finding a few years later find they cannot sell them. It's down to the annual charges made to pay for things like maintenance of roads, streetlights, and parks. In many cases the local council will not take on these costs so, through a management company, developers impose a so-called rentcharge on the houses to cover these expenses. Legally this means that the management company can take possession of a property if the homeowner gets 40 days behind with their payments - something mortgage lenders don't like.

Every year more than 4000 people reach state pension age - but do not qualify for a state pension. Many of them are self-employed and may have paid thousands of pounds a year in National Insurance contributions - but not the right sort of contributions to qualify for a pension. We speak to someone in that situation.

When you buy a meal do you leave a tip? Around one in eight of us never does. Perhaps because we carry less cash or because we're not quite sure what happens to the tip we leave. Do the waiters really get the money? Or is it taken by the managers to meet their costs?

Presenter: Paul Lewis
Reporter: Dan Whitworth
Producer: Alex Lewis
Editor: Andrew Smith

Nov 23 2019

27mins

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Money Box Live: Collectables

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From comic books to Dinky Toys, costume jewellery to milk bottles, there’s plenty of choice when it comes to collecting. But where should you buy and how to be sure you’re getting a good price, whether you're buying or selling?

Paul Lewis is joined by Roo Irvine from Kilcreggan Antiques shop in Argyle and Bute. She's also an expert on BBC's Antiques Roadtrip and Bargain Hunt. Also on the panel is vintage toy collector, Lawrence Lambert, valuer on BBC TV’s Cash in the Attic.

If you'd like to share your stories, contact the Money Box team. The number to call is 03 700 100 444, geographic charges apply. The lines open at 1pm on Wednesday. Or email moneybox@bbc.co.uk or tweet @moneybox

Nov 20 2019

33mins

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Starting young to save for retirement

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The UK's banks haven't been able to agree who should pay compensation to customers who have had money fraudulently stolen from their bank accounts. Until last May the banks routinely refused to refund these customers. A new Code promised that all innocent customers would be reimbursed from 28 May but that runs out at the end of next month. We speak to Tom Blomfield boss of Monzo, one of the biggest online-only banks.

Can technology be used to make it easier and cheaper for people to borrow money - especially those who use expensive short term credit or have poor credit ratings? That was the starting point for the Affordable Credit Challenge which was launched in July to make loans not only more affordable but also more available to low income households. We find out about the solutions that have made it onto the shortlist.

A few weeks ago we were contacted by a listener who had suggested to his daughter and son aged 19 and 18 that they start a pension. But they told him "it was a bonkers idea". But could they be persuaded it was in fact something worth considering?

And the joke bank notes that made their way into circulation: who bears the cost when they’re discovered not to be legal tender?

Presenter: Paul Lewis
Reporter: Dan Whitworth
Producer: Alex Lewis
Editor: Emma Rippon

Nov 16 2019

27mins

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Money Box Live: Leaving School at Sixteen

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What are the career options available for 16 year-olds today and what are the financial implications? Whether it's college, some paid work or getting an apprenticeship, how will your money issues change if you leave school and pursue other choices?

Presenter: Adam Shaw
Guests: Billy Sexton, All About School Leavers
Erin Bartley, Careers adviser with Skills Development Scotland
Tom Stenner-Evans, Partner, Michelmores

Nov 13 2019

36mins

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Hotel room investors face losing 'life changing' sums

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People who put money into a UK-wide hotel room investment scheme have been told they’re likely to have lost their money. Northern Powerhouse Developments tempted more than a thousand people to buy hotel rooms in tourist hotspots across England and Wales. Investors were told their money would earn them 10% a year and also be used to refurbish the hotels that had been bought. But, four years since it began to attract investors, the company behind the scheme is bust and the hotels are up for sale. BBC Wales reporter Kayley Thomas has been investigating.

Three small energy suppliers owe the regulator more than £2 million between them because they have not obtained enough energy from renewable sources. This so-called renewable obligation is run by the regulator Ofgem to make sure that energy suppliers source enough of their energy as 'green'. We discuss the significance of this.

Rising housing costs and inflexible tenancies are forcing young couples to live together long after their relationship has ended, sometimes sharing a room or even a bed. One survey of 2000 people found that one in six of us have lived with an ex-partner at some time. But is there anything you can do to ease the financial pain?

Presenter: Paul Lewis
Producer: Alex Lewis
Editor: Emma Rippon

Nov 09 2019

29mins

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Money Box Live: How To Retire Young

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Could you save enough of your income and budget so tightly that you can afford to retire in your thirties or forties? A US movement called FIRE – Financial Independence Retire Early – encourages millennials to stash enough cash to quit their job early and still live well. But how does it work? And do you have to be on a massive salary to make it a reality? With interest rates at historic lows, where can you invest for a decent return? What happens if you're a low-income earner? And what sacrifices must you make to achieve retirement before you reach fifty?

Louise Cooper will be joined by Barney Whiter, one of the UK's biggest ‘FIRE’ bloggers and Claer Barrett, Editor of FT Money

Contact the Money Box team to tell your stories and ask questions.
The number to call is 03 700 100 444, geographic charges apply. The lines open at 1pm on Wednesday 6 November 2019.
Email moneybox@bbc.co.uk or tweet @moneybox

Nov 06 2019

39mins

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Opposite-sex civil partnerships become law

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In amongst this week's political upheaval, a date was set for opposite-sex civil partnerships to become law. The first ceremonies will take place on December 31 2019. So what impact could this have on your financial health?

Money Box has been hearing from disgruntled clients of a claims management firm demanding money from some customers years after they thought their claims were closed. Ben Carter has been investigating.

Earlier this week the regulator relaxed mortgage affordability barriers with the aim to help an estimated 150,000 home owners trapped in high cost loans and not able to switch to a better deal. The FCA estimates the measures may only help as few as 2000, leaving the rest still stuck.

Presenter: Paul Lewis
Producer: Alex Lewis
Editor: Emma Rippon

Nov 02 2019

27mins

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Money Box Live: Mental Health & Money

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Our expert panel take a look at the problems around mental health and money. From how to make your benefits work better for you, talking with banks and how to avoid the complications that can come from periods of poor mental health.

You can call Money Box Live 03 700 100 444. Or email us moneybox@bbc.co.uk or tweet @moneybox.

Panel-
Anne Riddle from the Bridge Money Advisory Service in Stoke-on-Trent
Helen Undy from the Money and Mental Health Policy Institute
Ayaz Manji from Mind

Oct 30 2019

32mins

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What's next for QuickQuid borrowers?

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The payday lender QuickQuid has entered administration. It follows an earlier announcement of plans to close its business in the UK where it was the largest firm of its type. It's owned by the US-based company Enova which gave "regulatory uncertainty" as the reason for departure. What does this mean for existing borrowers and also for customers awaiting compensation for loans they say they should never have had because there's no way they could afford to repay them? Guest: Martin Lewis, founder of Money Saving Expert.

Money Box listener Elaine reveals how her 18-year-old son was bullied into becoming a money mule, which saw him laundering cash from criminal activities through his personal bank account. Guest: Detective Sargeant Marc Cananur from the Kent Police Economic Crime Unit.

An expensive plumber's bill - but not the sort you might be thinking of. Murray Menzies paid into a pension scheme for his employees and now faces a £1.2m bill triggered by his decision to retire and close down the small family firm. Guest Katie Banks, Partner at Hogan Lovells and Chair of the Association of Pension Lawyers.

Presenter: Paul Lewis
Producer: Charmaine Cozier
Editor: Bridget Harney

Oct 26 2019

33mins

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The Personal Finance of Comedy

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You might think of comedians as up on a stage in a pub, but that's just one part of what the job entails today.

Social media, streaming services and stadium tours have changed the game. Instead of doing gigs to get on TV, you do TV to get people to your gig!

We'll look at how to start out and deal with cash and card readers, how to navigate online streaming and how you can get a mortgage while still telling jokes for a living.

The panel are-

Charlie Dinkin, comedian,director and writer

Tiernan Douieb, a stand-up perfomer and podcast presenter

Sarah Fox Clinch, a mortgage specialist for comedians at Fox Davidson

David Coppard, Head of Media and Entertainment at accountancy firm MHA MacIntyre Hudson

Oct 23 2019

32mins

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How to give yourself a pay rise

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This week the decision was made to wind down the funds managed by ‘star’ manager Neil Woodford. Listeners have been in touch wanting to know what this means for their money and if they will be able to claim compensation. We discuss with Mark Polson from The Lang Cat Financial Consultancy and Anna Sofat from Addidi Wealth.

The Financial Conduct Authority has announced plans to ban the way in which some car retailers receive commission based on the interest rate of the car finance loan they arrange. Good news for consumers?

And we speak to a company that allows employees to award themselves a pay increase.

Presenter: Ruth Alexander
Producer: Alex Lewis
Editor: Emma Rippon

Oct 19 2019

28mins

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Credit scores

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Do you know what your credit score says about you? If you’ve had a breakup, make up, break down, spending spree or life shock in the last six years, your credit rating will have it recorded.

The majority of us don’t know what our credit score is and how these numbers are created. A good credit rating helps us access loans, mortgages or credit cards.

But could there be a better way of helping people access credit and see what they can really afford to borrow?

Our panel of experts will help you find out what your score says about you, how to get a better one and why workouts are required before you hit the bank not just the beach.

Contact the Money Box team to tell your stories and ask questions.
The number to call is 03 700 100 444, geographic charges apply. The lines open at 1pm on Wednesday (9/10/19).
Email moneybox@bbc.co.uk or tweet @moneybox

Oct 16 2019

38mins

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'Herders' and 'olders'

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In this programme we go undercover into the world of the mule, discovering how children as young as 13 are being groomed to hand over their bank account details to criminals. We reveal that some of the recruiters, known as herders, are also teenagers. The accounts are then used to launder the proceeds of crime.

Latest figures show that the number of accounts belonging to under 21's being used by money mules has doubled since 2016. Money mules and herders face a 14 year prison sentence if caught.

Presenter: Paul Lewis
Producers: Tom Wright and Alex Lewis
Editor: Emma Rippon

Oct 12 2019

27mins

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Can my money help fight climate change?

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Can I get a good return on investments that do good? Should you be letting your money speak rather than be out on the street? With £2.2 trillion in pension funds in the UK, do we really know what our money is doing and what it could be doing in the fight against climate change?

We have an expert panel on hand with both the science and finance knowledge to help you navigate what's called impact investing.

Mike Thompson - Committee on Climate Change
Charlene Cranny - UK Sustainable Investment Fund
Mary Stevens - Friends of The Earth

Contact the Money Box team to tell your stories and ask questions.
The number to call is 03 700 100 444, geographic charges apply. The lines open at 1pm on Wednesday (9/10/19).
Email moneybox@bbc.co.uk or tweet @moneybox

Oct 09 2019

34mins

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Credit at 18 - getting the right deal for you

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Competition in the home and insurance market is not working and loyal customers are being penalised, according to the Financial Conduct Authority. The FCA estimates that six million people pay on average £200 too much - totaling an overpayment of £1.2bn a year. We hear from Huw Evans the Director General of the Association of British Insurers and Matthew Upton, Director of Policy at Citizen's Advice.

Last week Money Box listener Sade emailed us saying she wanted to celebrate her 18th birthday by getting a credit card. So where should she begin? Helen Saxon from Money Saving Expert runs her through some of the options.

And why are so many freehold houses sold with covenants which restrict everything from what vehicle you can park in your drive to whether you can put up a satellite dish? One homeowner told us hers was "not worth the paper it's written on".

Presenter: Paul Lewis
Reporter: Dan Whitworth
Producer: Alex Lewis
Editor: Emma Rippon

Oct 05 2019

28mins

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Fundraising for schools

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Ever had the horror of running a cake stand? Do charity egg and spoon races haunt your dreams? Moneybox is looking to make you the Jeff Bezos of the the bake sale and make your fundraiser go further.

Parent Teacher Associations are changing, their roles and are now more important than ever. With budget cuts in schools and pressure for new technology the need for extra funding has never been greater.

Moneybox Live looks at how school fundraisers can maximise their money, bring in new volunteers, use charitable status to find new funding and adapt to the digital world.

Presenter Felicity Hannah is joined by Carol Rogerson of PTA Plus magazine, Kerry Jane Packman from charity Parentkind and Susan Burton from start-up Classlist to answer listeners' questions.

Contact the Money Box team to tell your stories
The number to call is 03 700 100 444, geographic charges apply. The lines open at 1pm on Wednesday.
Email moneybox@bbc.co.uk or tweet @moneybox

Oct 02 2019

32mins

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Struggling with insolvency

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For decades, Stoke-on-Trent was powered by industry, with tens of thousands working in mining and pottery. But when the mines and factories closed, generations of people were left out of work. For some, not working became a culture that stuck.

But that's not the only reason why Stoke is the insolvency capital on England and Wales. The average wage in the area is £5,000 less than the national average, plus there are low levels of literacy, numeracy and IT skills. Poverty and poor health have helped reinforce financial exclusion, trapping many in a spiral of debt and deprivation which they can't get out of.

Now the North Staffordshire Financial Inclusion Group is on a five-year mission to eradicate Stoke's debt issues. It plans to work with schools to get personal finance on the curriculum and actively target people who are struggling.

Presenter: Paul Lewis
Reporter: Hazel Morgan and Dan Whitworth
Producer: Alex Lewis
Editor Emma Rippon

Sep 28 2019

24mins

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